A recent study by the World Travel and Tourism Council (WTTC) reveals that the US tourism industry may experience faster growth compared to other places in the world
An optimistic forecast for the US tourism industry that may even surpass 2019. This emerges from a new study by the World Travel and Tourism Council (WTTC) which finds that the US tourism industry may experience 36% growth compared to 2020. Significant improvement compared to other places in the world.
The forecast is even more rosy in 2022, when the US tourism industry is expected to grow by another 28%, reaching about $ 2 trillion from the United States economy. By comparison, in 2019, the U.S. tourism industry’s contribution to GDP reached nearly $ 1.9 trillion.
“Our research shows that as the global tourism industry begins to recover slowly, the United States is recovering faster than many other regions,” she said. Julia Simpson, CEO of WTTC. “Last year, the epidemic wiped out more than five million jobs in the tourism industry across the United States; However, due to a projected increase in international and local spending this year and next, both jobs and GDP are on the rise.
Simpson added: The US has opened its borders and eased restrictions on key source markets such as the UK and the EU which will provide a massive boost to economies on both sides of the Atlantic. At the same time, the long-term recovery of the tourism industry in the United States and around the world depends on the United States’ borders remaining open to international visitors.An abbreviated address for this article: https://www.ias.co.il?p=120668
Source: IAS by www.ias.co.il.
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